Metaplanet, a Japanese public company, has recently decided to boost its Bitcoin holdings as part of its strategy to manage economic challenges. The company raised 4 billion yen (around $26.39 million) by issuing ordinary bonds to EVO Fund, a debt and financing
Photo of Uganda shillings ( Photo For Illustration only)Uganda has faced numerous corruption scandals over the years, leading to significant financial losses and public outcry. Here are some of the most notable ca
In a shocking case of international fraud, where ruthless Ugandans fleeced an American investor Robert Tunner in a fake gold deal, Stanbic Bank officials are said to be in panic mode as DPP sanctions their files for immediate arrest and prosecution. These top ma
The permanent secretary and secretary to the treasury Ramathan Ggoobi has interdicted the nine officials from the finance ministry under the Accountant General’s office.This follows an investigation in the minis
A massive scandal involving a Shs 1 trillion project has rocked the National Information Technology Authority of Uganda (NITA-U) as the World Bank uncovers significant corruption and mismanagement. The Uganda Digital Acceleration Project (UDAP), worth USD 200 million (about Shs 1 trillion), has b
Elon Musk, the world’s richest man & owner of X, reposted Ugandan TikTok influencer & activist Janice Nkajja’s viral message on USAID funding.Nkajja, known for supporting Trump’s foreign aid freeze,
The Criminal Investigations Directorate (CID) of Uganda has arrested seven individuals from the Ministry of Finance and Bank of Uganda following a three-month investigation into the disappearance of USD 16 million (approximately UGX 60 billion) from the Bank of
In a major crackdown on financial malpractice within government institutions, Uganda’s Criminal Investigations Directorate (CID) has arrested nine senior officials from the Ministry of Finance over their alleged involvement in the fraudulent diversion of Shs 6
Parliament has rejected a request by the Uganda People's Defence Forces (UPDF) to allocate UGX 138 billion for monitoring the 2026 general elections.Lawmakers argued that election monitoring falls under the mandat
The Deputy Speaker of Parliament Thomas Tayebwa has asked that no public money be used to buy his clothes after concerns were raised about the 2025/2026 national budget which includes large amounts for meals, bed sheets and shoes for top government officials.
